American International Group Inc. Sells 7,909 Shares of Voya Financial, Inc. (NYSE:VOYA)

American International Group Inc. cut its holdings in Voya Financial, Inc. (NYSE:VOYAFree Report) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 141,058 shares of the asset manager’s stock after selling 7,909 shares during the period. American International Group Inc. owned about 0.13% of Voya Financial worth $10,292,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of VOYA. Chilton Capital Management LLC bought a new position in shares of Voya Financial in the fourth quarter valued at approximately $26,000. Clearstead Advisors LLC bought a new position in shares of Voya Financial in the third quarter valued at approximately $33,000. GAMMA Investing LLC bought a new position in shares of Voya Financial in the fourth quarter valued at approximately $49,000. KBC Group NV grew its holdings in shares of Voya Financial by 50.6% in the fourth quarter. KBC Group NV now owns 1,871 shares of the asset manager’s stock valued at $137,000 after acquiring an additional 629 shares in the last quarter. Finally, Mutual Advisors LLC bought a new position in shares of Voya Financial in the third quarter valued at approximately $201,000. 96.10% of the stock is owned by institutional investors.

Voya Financial Trading Down 0.9 %

NYSE:VOYA opened at $74.26 on Friday. The company has a market cap of $7.48 billion, a P/E ratio of 10.55, a P/E/G ratio of 0.53 and a beta of 1.07. The stock’s fifty day moving average price is $71.93 and its two-hundred day moving average price is $71.44. Voya Financial, Inc. has a 1 year low of $63.02 and a 1 year high of $77.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30.

Voya Financial (NYSE:VOYAGet Free Report) last posted its earnings results on Tuesday, April 30th. The asset manager reported $1.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.58 by $0.30. The firm had revenue of $2.05 billion for the quarter, compared to the consensus estimate of $1.80 billion. Voya Financial had a return on equity of 16.74% and a net margin of 10.48%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.69 earnings per share. As a group, analysts expect that Voya Financial, Inc. will post 8.53 EPS for the current year.

Voya Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Tuesday, May 28th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, May 24th. This represents a $1.60 annualized dividend and a dividend yield of 2.15%. Voya Financial’s dividend payout ratio is currently 22.73%.

Insiders Place Their Bets

In related news, Director Yvette S. Butler sold 2,165 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $73.78, for a total value of $159,733.70. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on VOYA shares. Morgan Stanley reduced their target price on Voya Financial from $79.00 to $78.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Evercore ISI increased their price objective on Voya Financial from $79.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. Wells Fargo & Company increased their price objective on Voya Financial from $91.00 to $92.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Finally, Piper Sandler increased their price objective on Voya Financial from $78.00 to $86.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $83.44.

View Our Latest Stock Report on VOYA

Voya Financial Profile

(Free Report)

Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.

Further Reading

Institutional Ownership by Quarter for Voya Financial (NYSE:VOYA)

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